Well Link Securities Holdings (HKSE:08350) Long-Term Capital Lease Obligation : HK$0.26 Mil (As of Dec. 2023)

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What is Well Link Securities Holdings Long-Term Capital Lease Obligation?

Well Link Securities Holdings's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0.26 Mil.

Well Link Securities Holdings's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 (HK$1.01 Mil) to Sep. 2023 (HK$0.00 Mil) but then increased from Sep. 2023 (HK$0.00 Mil) to Dec. 2023 (HK$0.26 Mil).

Well Link Securities Holdings's annual Long-Term Capital Lease Obligation declined from Dec. 2021 (HK$3.65 Mil) to Dec. 2022 (HK$2.01 Mil) and declined from Dec. 2022 (HK$2.01 Mil) to Dec. 2023 (HK$0.26 Mil).

Well Link Securities Holdings Long-Term Capital Lease Obligation Historical Data

The historical data trend for Well Link Securities Holdings's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Well Link Securities Holdings Long-Term Capital Lease Obligation Chart

Well Link Securities Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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0.05

4.48

3.65

2.01

0.26

Well Link Securities Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															2.01	-	1.01	-	0.26

Well Link Securities Holdings (HKSE:08350) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Well Link Securities Holdings (HKSE:08350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Well Link Securities Holdings Ltd (HKSE:08350) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

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Address

168-200 Connaught Road Central, Unit 3711, 37th Floor, West Tower, Shuk Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.excalibur.com.hk

Excalibur Global Financial Holdings Ltd is a provider of brokerage services for futures and options traded on the exchange in Hong Kong, the United States, Japan, Singapore, and the United Kingdom. The group is engaged in two segments that include Brokerage services and margin financing, and Money lending. The majority of the revenue derives from the provision of brokerage services and the margin financing segment. It provides clients with access to locally and globally traded futures and options products. The group derives revenue principally from brokerage fees received from the clients for the execution and facilitation of the execution of trades through the online trading platform and finance charges received for the margin loan to clients.

Executives

Well Link Fintech Holdings Limited	2101 Beneficial owner
Xu Chujia	2201 Interest of corporation controlled by you
Xu Chujia	2201 Interest of corporation controlled by you
Chan Ying Leung	2103 Interests held jointly with another person
Poon Kwok Wah Allan	2103 Interests held jointly with another person

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